Shares of Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPRT) have received a consensus recommendation of “Hold” from the six analysts that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $4.50.
Several brokerages have commented on WPRT. BidaskClub downgraded shares of Westport Fuel Systems from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. ValuEngine lowered Westport Fuel Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. Cowen set a $4.00 target price on Westport Fuel Systems and gave the stock a “hold” rating in a research note on Friday, August 9th. Finally, Zacks Investment Research raised shares of Westport Fuel Systems from a “sell” rating to a “hold” rating and set a $3.00 price target on the stock in a report on Monday, October 14th.
Several hedge funds have recently modified their holdings of the company. Paradigm Capital Management Inc. NY boosted its holdings in shares of Westport Fuel Systems by 0.4% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,168,700 shares of the auto parts company’s stock worth $3,167,000 after buying an additional 4,500 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Westport Fuel Systems in the second quarter valued at approximately $26,000. Trellus Management Company LLC increased its position in shares of Westport Fuel Systems by 2.6% during the third quarter. Trellus Management Company LLC now owns 400,000 shares of the auto parts company’s stock valued at $1,088,000 after acquiring an additional 10,000 shares during the last quarter. Squarepoint Ops LLC bought a new stake in Westport Fuel Systems during the third quarter worth $36,000. Finally, A.R.T. Advisors LLC bought a new stake in Westport Fuel Systems during the second quarter worth $40,000. 23.92% of the stock is owned by institutional investors.
Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last issued its earnings results on Thursday, November 7th. The auto parts company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.02. Westport Fuel Systems had a negative net margin of 3.37% and a negative return on equity of 19.32%. The company had revenue of $75.40 million during the quarter, compared to analysts’ expectations of $72.63 million. Sell-side analysts anticipate that Westport Fuel Systems will post 0.01 earnings per share for the current year.
About Westport Fuel Systems
Westport Fuel Systems Inc engineers, manufactures, and supplies alternative fuel systems and components for the transportation application worldwide. It operates through Transportation and Cummins Westport Inc (CWI) Joint Venture segments. The company offers fuel systems and components a range of alternative fuels, such as liquefied petroleum gas, compressed natural gas, liquefied natural gas, renewable natural gas, and hydrogen; and independent aftermarket, original equipment manufacturers (OEMs) and delayed OEMs, electronics, current and advanced research and development programs, supply chain, and product planning activities.
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